What You Need to Know About Insurance and the SBA Loan

When: Thursday, April 17, 2014
What You Need to Know About Insurance and the SBA Loan
Price: $289.00
2:00 p.m. to 3:15 p.m. Eastern
1:00 p.m. to 2:15 p.m. Central
12:00 p.m. to 1:15 p.m. Mountain
11:00 a.m. to 12:15 p.m. Pacific
Complimentary Coleman Report Live! News Show with Bob Coleman from 1:50 p.m. to 2:00 p.m. Eastern
Use our “email address only” order form!

FireFightersDid you know SBA’s SOP reference 15 different types of insurance SBA lenders may be required to obtain?

This Coleman webinar will discuss all 15, and address the specific situations when you must obtain insurance to protect your collateral, and the SBA 7(a) guaranty.

Careful attention will be paid to matching insurance requirements to the use of proceeds.

More importantly, Bob Coleman will address what you need from a management standpoint in documenting your insurance requirement for SBA loans over $350,000, SBA loans under $350,000 and your conventional small business loans.

The SOP gives the lender the ability to waive insurance. The webinar will discuss the circumstances prudent lenders may waive insurance, and what you need to do to document the loan file.

The webinar is for SBA 7(a) and SBA 504 lenders.

For the SBA 504 loan, we will address the insurance requirements of the third party lenders, and the CDC.

You and your staff will learn:

  • How to perfect insurance documentation for the SBA loan
  • What clauses SBA requires from the hazard insurance provider
  • What to do if insurance is not, or partially available
  • Real Estate Insurance requirements
  • Personal Property Insurance requirements
  • What you need to know about the Lender’s Loss Payable Clause
  • SBA and Flood Insurance 101
  • When you should require “key man” life insurance
  • What to do if the borrower lets the insurance lapse
  • SBA and Insurance escrow payment account policies
  • What should your credit policy be for insurance requirement SBA loans less than $350,000
  • What should your credit policy be for insurance requirement be for SBA Express loans

The Insurance 15 References in the SOP

  1. Hazard
  2. Wind
  3. Hail
  4. Earthquake
  5. State Mandated
  6. Marine
  7. Flood
  8. Life
  9. Liability
  10. Product Liability
  11. Dram Shop/Host Liquor Liability
  12. Malpractice
  13. Disability
  14. Worker’s Compensation
  15. Other State Specific

Who Should Attend?
Small Business Bankers
SBA Loan Packagers
SBA Loan Closers
CDC Loan Underwriters and Closers
Small Business Banking Managers
Small Business Loan Underwriters

This webinar is rated “INTERMEDIATE” for all attendees.

Coleman’s Webinar level of instruction guide:
ELEMENTARY — The webinar assumes the audience has no experience in the topic.
BASIC — The webinar is for small business lenders who have some experience in the topic. The webinar is designed as the Topical 101 course. This is the appropriate level of instruction for managers who oversee the function.
INTERMEDIATE — The webinar solves an unique problem for the small business lending professional. A strong working knowledge of the subject matter is recommended.
EXPERT — The webinar discusses detailed, technical and advanced topics for the well-seasoned professional. A strong working knowledge of the subject matter is a must.

Certificates of Participation

All Coleman Webinar attendees will receive a certificate of participation. This documents your continuing education history for your regulators. Also, this documents the answer for SBA’s Review question of continuing staff education.

We will automatically forward a certificate of participation for those who are registered to attend the webinar via GoToWebinar.

If you have purchased the unlimited site license and would like certificates for all who attend simply forward their names and email addresses to jeanne@colemanreport.com. She will email the certificates to all attendees.


Questions are encouraged. There are two ways to ask a question. The first is to ask the question via the chat box on the GoToWebinar dashboard. The second way is to send an email to bob@colemanreport.com.

Also, feel free to ask pre-webinar questions.

Join Coleman’s Expert SBA Instructors:

Robyn McGloin, CFBS
McGloin Financial
As a life and health insurance agent, Robyn has been involved with small business lending for over 15 years. Her business focuses on expedited life and disability insurance solutions for SBA loan closings and post-closing servicing solutions to preserve the SBA guarantee. Robyn has conducted a National Association of Government Guaranteed Lenders (NAGGL) WebExpress training course and a workshop at the NAGGL 2010 Mid-Year Technical Conference on life insurance requirements for SBA loans. She chaired the 2010 Florida Small Business Lenders’ Conference and the America West Small Business Lenders’ Conference, hosted by Coleman Publishing. She is among the first insurance professionals to earn the Certified Family Business Specialist designation from the American College in Bryn Mawr, Pennsylvania. She is a corporate sponsor of the American Woman’s Society of Certified Public Accountants (AWSCPA) and a presenter on small business insurance planning to their national conference.

Casey B. Fernandez
Sihle Insurance Group
Casey Fernandez is an insurance agent (Agent) located in Altamonte Springs, Florida and can help you with Auto Insurance, Home Insurance, and Renters Insurance. Casey is a captive insurance agent, which means Casey only represents Sihle Insurance Group Inc/Ag insurance company.


Bob Coleman
Coleman Report

Bob Coleman is the Author of “Money Money Everywhere and Not a Drop for Main Street.”

Bob is the Editor of the Coleman Report, a trade newsletter and website for small business bankers. He is the nationally recognized expert on small business lending. He has been a regular contributor for Fox Business News and is sourced frequently by all major financial media news outlets including the Wall Street Journal and Bloomberg.

He is a prolific keynote speaker at numerous small business lending events across the United States every year – including recent international speaking engagements in the U.K. and Germany.

Coleman has a B.A. in Medieval History from the University of California Santa Barbara and a M.B.A. in Real Estate Finance from the University of Southern California.

About Coleman Webinars

Coleman is the largest producer of small business banking webinars in the country, all taught by the best experts in our industry.

Not only our instructors chosen with care, they are excellent teachers of their craft.

Coleman’s Webinars provide 75 minutes of highly specialized information, access to industry experts, live Q&A, and step-by-step “how-to’s” on a variety of topics relevant to today’s small business banker.

Why a Webinar?

It’s very cost effective. No airfare, no hotels. Just cram as many people as you wish into your conference room and turn on the computer. You have several options to view the program. You may watch on screen, or listen in on your phone.

You can choose to have any many connections nationwide as you wish when you purchase unlimited access for only $100.

A great benefit of the program is that you have the ability to ask questions directly of the panelists. Or, you may simply email Coleman during the program and he will air your question.

All of our webinars are recorded. Buyers of the unlimited site license option will receive a DVD recording of the event to share with anyone you wish.

A transcript of the program is also provided to purchasers of the unlimited site license.

How it Works

We use GoToWebinar as our platform. You will receive a link that will direct you to an Internet site to view the presentation. If you would like to test this process to make sure you will be able to access the link through your system’s firewall, just send an email to joseph@colemanreport.com, and he will schedule a test run.

Accessing GoToWebinar

There are two ways to access the webinar. The first is to simply click on the link we will provide when you register.

If you have a firewall issue, or you can’t get the GoToWebinar link to work, don’t panic!

The second way to access the webinar is directly from the GoToWebinar website. You will simply need to input the webinar ID and access code. These will also be provided when you register, and again the day before the webinar when we distribute the handouts.

Note we will open the webinar for attendees to join at 12:00pm ET. This will give each attendee two full hours before the webinar begins to troubleshoot any technical issues. Call (818) 790-4591 if you need assistance.

New! All Coleman Webinar Speakers are seen Live via Video Stream

You will see our speakers live through a video feed. You may customize the size of the speaker and power point presentations by clicking on the webcam button on the GoToWebinar dashboard. You may position the speakers at the top, bottom, right or left hand sides. You may also choose to eliminate the video stream and just view the power point.

Telephone Only Option

You may also choose to listen to the program on your telephone. The phone number will be provided with the handouts.

PDF Handouts

You will receive the pdf handout via email the day before the event. These may be distributed to all of your attendees.

Replay Link

If something comes up and you miss any part of the webinar, or there are technical issues such as a power failure, Internet dropout, fire alarm drills, actual fires or, earthquake (yes that has happened!) simply email joseph@colemanreport.com and he will send you a link you may watch all or part of the webinar at your leisure. There is no charge for this service.

Complimentary Coleman Report Live! News Show with Bob Coleman from 1:50 p.m. to 2:00 p.m. Eastern

Log and dial in ten minutes before each Coleman webinar to hear the “Complimentary Coleman Report Live! News Show” with Bob Coleman.

We do this for two reasons. First, the pre-show confirms you are successfully connected to the webinar. Second, we provide you a synopsis of the current news to help you place what is happening to the small business lending industry in context. Join us for this free feature!

The Fine Print

1) The single user registration fee of $289 is based on location not attendance. You may have as many people in one location attend. You many distribute the materials to anybody in your company.
2) For only $100 more, you may invite as many people from your institution from as many locations as you wish. (You also get the reply link and transcript!) We will forward you a link that allows you to sign up as many people as you wish.
3) Substitutions are allowed at no charge.
4) Cancellations receive a 100% credit for any Coleman product.
5) As with all our products, we offer a 100% money back satisfaction guaranty — no questions asked.

Five Easy Ways to Order!

1) Previous customers need only to send an email to joseph@colemanreport.com with “Register” and the date of the webinar in the Subject Line. We will do all the paperwork and charge your credit card on file, or send you a PayPal request.
2) Call Customer Service at 818-790-4591 extension 1
3) Fax the order form to: 818-790-7859
4) Mail the order form to: Coleman Publishing, 607 Foothill Blvd., # 546, La Cañada, CA 91012
5) Order online here via PayPal

What You Need to Know About Insurance and the SBA Loan

Bob Coleman
Editor, Coleman Report
607 Foothill Blvd # 546
La Cañada, CA 91012
(818) 790-4591
(c) 2014 All Rights Reserved